Business brokers frequency encounter business
owners that have neglected some fundamental areas of their business that will
impact the value when it’s time to sell.
Here is some excellent advice to save you
from devaluing your business when it’s time sell:
- Make sure renew your lease or renew your options and check these dates.
- Ensure you have employee agreements in place.
- Create an operations or training manual.
- Keep proper, accurate and detailed financial records.
- Keep a well maintained and current database.
- Survey your customers on what they want from your business.
- Update your marketing.
- Test new marketing ideas and measure your ideas.
- Keep up with market trends in your industry
- Set clear business goals.
- Plan for the future.
Any one of these factors can have a
significant effect on the final value of your business when it comes to
selling. Buyers and their advisors are looking for security, repeatability and
sustainable earnings from your business.
The stronger these points are in your
business the better your selling price.
For a complimentary consultation
Contact Cecil Williams
For more information call me at 888-925-5055 ext.206
Visit my website to search for business for sale in Florida
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